Yes it’s true, Gold hits record price of 70,000+ for the first time in the History. In India, the prices of Gold-Silver in Jwellery market is running at the high level due to which everyone’s pocket budget is wavering. If you are planning to buy a Gold or investing in gold then wait for some time because it’s a bull run. The situation is so bad that even for 22 carat gold one has to spend more than Rs 61 thousand. If there is a wedding in your family during Navratri, then wait for a couple of days. According to some bullion experts, its price may decline in the coming days.
After the decline, you can then buy it comfortably and save money, which will be like a golden offer. If you are now planning to buy gold, then first know the price of all the carats.
If you are planning to buy gold in the bullion markets of the country, then do not waste your time at all, this is like a good offer. Before this, you can know the rate of all carat gold in a simple way. Through commodity market you can also trade in gold.
In the bullion markets of the country, the price of gold of 999 purity (24 carat) is seen trending at Rs 67252 per ten grams. Apart from this, the price of gold of 995 purity (23 carat) is being recorded in the market at Rs 66983 per ten grams. The rate of gold of 916 purity (22 carat) is seen trending at Rs 61603 per ten grams.
Silver has also seen a rise today. It has become costlier by Rs 1,273 and has reached Rs 75,400 per kg. Earlier it was at Rs 74,127. Silver had made an all-time high of 77,073 on December 4 last year, i.e. in 2023.
4 reasons for the rise in gold:
- Fear of worldwide recession in 2024
- Demand for gold increased due to wedding season
- Dollar index has weakened
- Central banks around the world are buying gold
Gold can go up to Rs 72 thousand
According to market experts, a rise in gold prices may be seen in the coming days. Due to this, by the end of this year, gold can go up to Rs 72 thousand per 10 grams. At the same time, silver can also reach Rs 75 thousand per kg.
Know the price of gold through missed call
If you are thinking of buying gold in the bullion markets of the country, then you can get the rate information before that. To know the retail rates of 22 carat and 18 carat gold jewelery in the market, you will need to make a missed call on 8955664433.
After some time, you will get the rate information through SMS. Apart from this, for information about continuous updates, you can visit www.ibja.co or ibjarates.com.